The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

  • rem26_art@kbin.social
    3·
    4 months ago

    ya middlemen is a good term for it. I don’t think that it really needs an entirely separate branding from capitalism, but idk i guess that also makes for an eye catching headline.

    I agree that governments have the tools to deal with these kinds of things. It’s just getting them to actually do something about it that’s beneficial to us as average people is the tough part lol.

    • 0xD@infosec.pub
      5·
      4 months ago

      They are not just middlemen, they control the entire sales platform - both buyer and seller.

    • Flumpkin
      2·
      4 months ago

      I do think a new term makes sense because these platforms both scale ultra large so “explode” in market power, and also can’t just be broken up using anti-trust laws because then the network effects of large network effects vanish (this is true for amazon and social media). So it is something different because of those new properties. I think federation and open protocols might be the answer to this.